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Article Date: June 2022
Word Count: 172

Eagle Nice Profits Slip As Sales Grow Double Digits


Net income declined 12% to HK$274,633,000 ($35.3 mm) from HK$313,559,000 on revenue that was up 13% to HK$3,668,371,000 ($472.1 mm) from HK$3,248,875,000 as pandemic restrictions eased around the world and the core China market got a boost from sporting interest around the Beijing Winter Olympics. U.S. sales improved 2% to HK$674.7 million ($86.8 mm) while Mainland China was up 17% to HK$1,882.2 million. Europe bounced back 32% to HK$644.1 million. Japan fell 15% to HK$84.1 million and Others inched down 1% to HK$383.3 million. Gross margin ... Log in to view full article.

 


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